Ozak REIT

What Ozak REIT does

Özak Gayrimenkul Yatırım Ortaklığı A.Ş. (Ozak REIT / Özak GYO) is a publicly listed Turkish real estate investment trust domiciled in Istanbul and traded on Borsa Istanbul under the ticker OZKGY. Founded in 2009 by Özak Global Holding A.Ş. and taken public via IPO in 2012, the company develops residential, commercial, and tourism real estate across the Istanbul metropolitan area, with a hospitality operation (Ela Excellence Resort Belek) in Antalya. Its active residential pipeline includes six branded projects — Büyükyalı (a flagship waterfront mixed-use development featuring a Fendi Casa luxury sub-brand), Hayat Flora, Özak Dragos, Özak DOA Göktürk, Özak Duyu Göktürk, and Hayat City Mahmutbey — positioned across mass-market, mid-market, premium, and ultra-premium segments, with commercial assets including Fişekhane, Bulvar 216, and 34 Portall.

The business operates without any proprietary technology platform and earns revenue primarily through one-time residential and commercial property sales recognized upon handover, supplemented by recurring rental income from commercial spaces and hospitality, and transaction-based fees from urban transformation (kentsel dönüşüm) projects. Pricing is set per unit on a project-by-project basis with no publicly disclosed standardized tiers, and the company sells through a direct field-sales model via dedicated project galleries in each district plus a centralized customer hotline. Özak GYO co-develops flagship projects with Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş. (Turkey's state-linked public REIT), which provides land bank access and institutional credibility, and benefits from vertical integration across the Özak group (construction via Kamer İnşaat, facility management via Akyön Tesis, and hospitality via Ela Hospitality).

The company serves four primary customer segments: individual homebuyers seeking ownership or investment property, commercial investors in office and retail assets, tourism and MICE guests at the Belek resort, and urban transformation participants exchanging property for new units. Key business risks include high exposure to Turkish macroeconomic and currency volatility (revenue is TRY-denominated and reported figures suggest significant unpredictability), regulatory dependency on Turkey's urban renewal framework, and project-cycle lumpiness in revenue recognition — each completed development delivers a discrete revenue cliff rather than a steady stream.

Name

Ozak REIT

Legal name

Özak Gayrimenkul Yatırım Ortaklığı A.Ş.

Website

https://ozakgyo.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Özak GYO is a publicly listed Istanbul-based Turkish real estate investment trust that develops residential, commercial, and tourism properties, serving individual homebuyers, commercial investors, and tourism guests across Istanbul and Antalya.

Ownership category

akta.pro rank

Headquarters

HQ city

Istanbul

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Marketing or Sales, Personnel

Revenue model

1. Residential Property Sales: Primary revenue stream from development and sale of residential projects including Büyükyalı, Hayat Flora, Özak Dragos, Özak Duyu Göktürk, Hayat City Mahmutbey, and Özak DOA Göktürk. Revenue recognized upon property handover to buyers.
2. Commercial Property Sales: Revenue from commercial real estate developments including office and retail spaces within mixed-use projects.
3. Tourism & Hospitality: Revenue from tourism operations including Ela Excellence Resort Belek, a luxury hotel and resort property.
4. Property Rental Income: Rental income from commercial spaces and hospitality properties within the development portfolio.
5. Urban Transformation Services: Kentsel dönüşüm (urban transformation) projects generating revenue through development agreements with property owners.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Ozak REIT (Özak GYO / Özak Gayrimenkul Yatırım Ortaklığı A.Ş.) is a publicly listed Turkish real estate investment trust that develops and sells residential, commercial, and tourism projects primarily across Istanbul, with hospitality operations in Antalya. The company develops large-scale mixed-use waterfront projects (Büyükyalı), mass-market residential near transit (Hayat Flora), nature-focused residential in Göktürk, premium Dragos residences, urban transformation (kentsel dönüşüm) projects, and operates the Ela Excellence Resort Belek luxury hotel. Revenue is generated primarily through one-time property sales, supplemented by recurring rental income and hospitality operations.

Product overview

Özak GYO (Özak Gayrimenkul Yatırım Ortaklığı A.Ş.) is a Turkish real estate investment trust (GYO) that develops residential, commercial, and tourism projects. Established in 2009 under Özak Global Holding, the company offers a diversified portfolio spanning multiple segments: residential projects including mass-market developments (Hayat Flora, Hayat City Mahmutbey), nature-focused living (Özak DOA Göktürk, Özak Duyu Göktürk), waterfront properties (Büyükyalı, Özak Dragos), and luxury offerings (Büyükyalı - Fendi Casa, Büyükyalı Loft); commercial properties (Fişekhane, Bulvar 216, 34 Portall); and tourism/hospitality (Ela Excellence Resort Belek). The company operates primarily in Istanbul with projects in Başakşehir, Zeytinburnu, Maltepe, Ataşehir, Göktürk, and Küçükçekmece districts.

Differentiator

Problem solved

Functional benefit

Brands

• Büyükyalı: Residential and commercial project in Istanbul featuring sea view living spaces, including Fendi Casa collaboration
• Büyükyalı Loft
• Hayat Flora
• Hayat City Mahmutbey
• Özak DOA Göktürk
• Özak Duyu Göktürk
• Özak Dragos
• Fişekhane
• Bulvar 216
• Ela Excellence Resort Belek
• 34 Portall
• İş İstanbul 34

Products and services

• Büyükyalı Large-scale mixed-use waterfront development in Zeytinburnu, Istanbul featuring residential units, commercial spaces, and the Fişekhane heritage building. Includes luxury sub-projects such as Büyükyalı - Fendi Casa and Büyükyalı Loft.
• Büyükyalı - Fendi Casa Luxury residential collaboration with Fendi Casa brand within the Büyükyalı development, offering premium design and finishes targeted at high-net-worth buyers seeking branded luxury real estate.
• Büyükyalı Loft Loft-style residential option within the Büyükyalı development featuring contemporary design and premium positioning.
• Hayat Flora New district development near Küçükçekmece Lake with sea and lake views, located near Metro and Marmaray connections. Features modern residential living with extensive amenities targeting first-time homebuyers and entry-level buyers.
• Özak DOA Göktürk Residential project in Göktürk area offering tranquil living near forest surroundings while remaining within the city, combining nature with urban accessibility.
• Özak Duyu Göktürk Residential development in Göktürk designed for those seeking harmony with nature while maintaining city connectivity, representing a new beginning with urban rhythm.
• Özak Dragos Residential project in Maltepe with Prince Islands views, situated in the heart of city life offering premium location advantages.
• Hayat City Mahmutbey Modern residential project in Mahmutbey providing easy access to all parts of the city through well-connected transportation networks.
• Ela Excellence Resort Belek Luxury tourism resort located in Belek, Antalya, Turkey, operated by Ela Hospitality. Offers luxury all-inclusive accommodation, beachfront location, and MICE (meetings, incentives, conferences, events) facilities.
• Fişekhane Historic Fişekhane building in Kazlıçeşme, Zeytinburnu converted into a mixed-use cultural and hospitality venue within the Büyükyalı masterplan.
• Bulvar 216 Commercial project in Ataşehir, Istanbul offering retail and business spaces.
• 34 Portall Office complex in İkitelli, Başakşehir, Istanbul serving as the company's headquarters and a commercial office space for rent.
• İş İstanbul 34 Commercial project in Bağcılar, Istanbul.

Quantifiable outcome

• Büyükyalı project features Fendi Casa collaboration - luxury brand residential offering
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş.coreStrategic or Co-development PartnerEmlak Konut is a publicly traded Turkish real estate investment trust (GYO) and a key co-development partner on major projects including Büyükyalı and Hayat Flora. The partnership provides institutional credibility, land bank access, and joint development risk-sharing for large-scale residential projects. Özak GYO leverages Emlak Konut's land inventory and regulatory standing while contributing development expertise and project management.
• Fendi Casa (Fendi Router IP S.à r.l.)flagshipStrategic or Co-development PartnerPremium brand collaboration for Büyükyalı Fendi Casa - a luxury residential offering combining Özak GYO's real estate development with Fendi Casa interior design and furnishings. Positions the project in the ultra-premium residential segment and attracts high-net-worth buyers seeking branded luxury real estate.
• Özak Ziylan Adi OrtaklığıcoreStrategic or Co-development PartnerAdi ortaklık (general partnership) within the Özak Ziylan group structure. A key group entity involved in project co-development and land development activities alongside Özak GYO.
• Kamer İnşaat Ticaret ve Sanayi A.Ş.minorStrategic or Co-development PartnerConstruction company within the Özak group ecosystem, contributing to project construction and development activities.
• Akyön Tesis Yönetim Hizmetleri A.Ş.minorImplementation/ SI/ Consulting PartnerFacility management and property services company providing maintenance and operational support for completed developments within the Özak GYO portfolio.
• Ela Hospitality Turizm ve Otelcilik A.Ş.coreStrategic or Co-development PartnerHospitality management entity operating Ela Excellence Resort Belek and potentially other tourism assets. Provides hotel operations, guest services, and tourism hospitality expertise to Özak GYO's hospitality segment.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Sinpaş GYO: Turkish REIT focused on large-scale branded residential and mixed-use projects across Istanbul and other major Turkish cities. Comparable mid-market to premium residential positioning and project-sales revenue model.
• Halk GYO: State-bank-backed Turkish REIT developing office, residential, and commercial real estate. Comparable GYO structure, regulated fund-flow model, and Istanbul project concentration.
• Kiler GYO: Turkish REIT with diversified residential, commercial, and shopping-mall developments primarily in Istanbul. Directly comparable GYO structure and Istanbul-centric project portfolio.
• Torunlar GYO: Publicly listed Turkish REIT developing mixed-use, residential, and office projects across Istanbul (e.g., Mall of Istanbul, Torun Center). Comparable GYO structure, project-development model, and Istanbul-focused portfolio to Özak.
• Vakıf GYO: Turkish REIT backed by VakıfBank developing residential and commercial projects in major Turkish cities. Same GYO regulatory regime and comparable mid-cap project-development profile.
• İş GYO: Affiliated with İş Bank, one of Turkey's largest publicly listed REITs developing office, residential, and commercial projects. Comparable GYO regulatory framework, scale, and Istanbul project focus.
• Emlak Konut Gayrimenkul Yatırım Ortaklığı: Turkey's largest state-backed REIT and Özak's most important co-development partner on Büyükyalı and Hayat Flora. Both operate as Turkish GYO REITs developing residential, commercial, and mixed-use projects in Istanbul, with comparable regulatory structure, revenue model, and buyer segments.

Regional players

• Maxx Royal Resorts: Luxury resort operator based in Antalya/Belek with ultra-premium all-inclusive properties. Comparable luxury hospitality positioning in the same Belek corridor as Ela Excellence Resort.
• Rixos Hotels: Major Turkish luxury all-inclusive resort operator with multiple Antalya/Belek properties. Directly comparable to Özak's Ela Excellence Resort Belek in operating model, customer segment, and Belek tourism corridor positioning.

Broad incumbents

• Emaar Properties: Large regional real-estate developer (UAE/Dubai) operating mixed-use, residential, and hospitality projects including branded-residence collaborations. Useful comparable for Özak's branded-residential strategy (Fendi Casa) and diversified project mix, though at materially larger scale and different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@ozakgyo
• Xx.com/OzakGYO
• Facebookfacebook.com/OzakGYO

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ozak REIT